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South Asian Observer
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Events
 
Government favours foreign equity in limited partnerships
( 29-Sep-2010 )

New Delhi: India's commerce and industry ministry has favoured foreign investment in limited liability partnerships and floated a discussion paper inviting comments from all stakeholders before taking a policy decision on the matter. Notified April 1 last year, the permission for domestic limited l ....
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India, US vow to end trade row before Obama visit
( 22-Sep-2010 )

Washington: India and the US have pledged to work together to boost trade ties while redoubling efforts to resolve several issues of concern, including visa and outsourcing issues, before President Barack Obama's November visit. A joint statement issued after a meeting of Indo-US Trade Policy Forum ....
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Reducing software piracy can inject $142 bn into economy
( 16-Sep-2010 )

Washington: Reducing software piracy by 10 percentage points in four years would inject over $142 billion into the global economy, create nearly 500,000 jobs and generate close to $32 billion in tax revenues, according to a new study. Moreover, reducing software theft at a faster rate in two years ....
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India's annual food inflation balloons to over 15 percent
( 16-Sep-2010 )

New Delhi: India's annual food inflation shot up to 15.1 percent for the week ended Sep 4 from 11.47 percent the week before, due primarily to a shift to a new base year for the wholesale price index and fresh weights assigned to commodities. The index has dramatically risen by as much as 5 percent ....
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India's central bank hikes short-term lending, borrowing rates
( 16-Sep-2010 )

Mumbai: India's central bank has hiked its short-term borrowing and lending rates by 50 basis points and 25 basis points respectively, continuing with its tight monetary policy stance since January to tame inflation. The repurchase rate now stands revised to 6 percent from the earlier 5.75 percent, ....
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